CCI + 2 x EMA EA robot
Summary
TLDRThe video script discusses a forex trading strategy using CCI and moving averages, implemented in an EA. It explains the strategy's entry and exit rules, improvements made to avoid trading at trend ends and in sideways markets, and EA settings. The speaker shares backtesting results on different market conditions and offers the EA for download, with options to obtain a live version.
Takeaways
- 😀 The speaker discusses a forex trading strategy using CCI and moving averages, which they have turned into an Expert Advisor (EA) for automated trading.
- 📈 They backtested the EA on three random years to evaluate its profitability, demonstrating how the strategy operates in different market conditions.
- 📊 The strategy involves selling when the fast moving average crosses below the slow moving average, and buying when the fast moving average crosses above the slow moving average.
- 🔍 Entry conditions include the CCI crossing below 100 for selling and above -100 for buying, along with specific candlestick patterns related to the moving average lines.
- 💰 The speaker set the EA's take profit at the lower low of the recent 100 candles for selling and the higher high of the recent 100 candles for buying, adjusting dynamically based on market movements.
- ⚠️ To manage risk, the EA modifies the take profit dynamically to the nearest 25 pips when the price falls, reducing potential losses.
- 🛑 The speaker improved the original strategy by adding filters to avoid trading at the end of trends and in sideways or ranging markets, which can be risky.
- 📉 The speaker suggests using the EA on different markets and timeframes, emphasizing the importance of backtesting in various conditions, especially during the challenging years of 2004-2005 and 2008-2009.
- 💼 The speaker provides instructions on how to download, install, and test the EA on the MetaTrader 4 platform, highlighting the need for thorough testing before using the EA with real money.
- 🏦 They mention the importance of choosing a broker that provides extensive historical data for backtesting, recommending Robo4x for its 20 years of data.
- 💬 The speaker offers to provide a free test version of the EA and a paid live version, with pricing options and conditions for obtaining the live version.
Q & A
What is the basic premise of the forex trading strategy discussed in the script?
-The strategy involves using the CCI (Commodity Channel Index) and moving averages. It initiates a sell trade when the fast moving average crosses below the slow moving average, the CCI crosses below 100, and specific conditions regarding the opening and closing price of a candle are met. A buy trade is initiated under the opposite conditions.
What improvements were made to the original strategy by the script's author?
-The author improved the strategy by adding a take profit level based on the lower low of recent 100 candles for sell trades and the higher high for buy trades. They also introduced a mechanism to modify the take profit to reduce risk when the price falls significantly and added a filter to avoid trading in sideways or ranging markets.
How does the EA (Expert Advisor) determine the take profit level for trades?
-The EA sets the take profit level at the lower low of the recent 100 candles for sell trades and at the higher high of the recent 100 candles for buy trades. It also has a feature to auto-modify the take profit level to the nearest 25 pips if the price falls down significantly.
What is the significance of the 'sideways filter' in the EA's settings?
-The sideways filter is used to avoid trading in sideways or ranging markets, which can be less profitable and more risky. It compares the high and low of the first 50 bars to the 60th to 120th bars to determine the market trend.
How can users obtain the EA file for backtesting?
-Users can download the EA file from the website toto180.com. The download includes the EA itself, an example EA file, and additional files for setting up the chart design and EA settings.
What is the recommended process for backtesting the EA before using it with real money?
-The script suggests backtesting the EA on different markets and years, particularly focusing on 2008 for a strong trending market and 2004 to 2006 for a ranging market. It also emphasizes the importance of downloading historical data and using the strategy tester in the MT4 platform.
What are the different versions of the EA files mentioned in the script?
-There are two versions of the EA files: a test version that only allows trading on the strategy tester, and a live version that allows trading on both demo and live accounts.
How can users get the live version of the EA file?
-Users can obtain the live version of the EA file either by trading with the author's affiliate broker, Robo Forex, or by purchasing the live version at different pricing tiers for one month up to one year.
What is the recommended approach for users who want to increase the number of trades opened by the EA?
-Users can increase the number of trades by turning off the sideways filter, changing the time frame from H1 to M5 or M15, or trading all 25 pairs instead of just one.
How can users get support for setting up the EA?
-Users can reach out to the script's author via email or Telegram for assistance, but support is provided only to those who have subscribed to the author's YouTube channel and liked the video.
What is the author's approach to testing the EA before recommending it to others?
-The author emphasizes the importance of backtesting the EA for at least one hour to see if it loses all money and burns the account. This approach helps to avoid purchasing an EA that may not perform well in real trading conditions.
Outlines
📈 Forex Trading Strategy with CCI and Moving Averages
This paragraph introduces a forex trading strategy that utilizes the CCI (Commodity Channel Index) and moving averages. The strategy involves selling when a fast moving average crosses below a slow moving average, waiting for a retracement to the moving average, and then opening a sell trade when the CCI crosses below 100 and a candlestick's open price is above the moving average with a closing price below it. The speaker has developed an Expert Advisor (EA) to automate this strategy, including setting take-profit levels based on recent candlestick lows and modifying the take-profit in response to significant losses. The strategy is also improved to avoid trading at the end of trends by dividing the screen into thirds and not allowing trades in the top and bottom third. Additionally, a filter is implemented to avoid trading in sideways or ranging markets by comparing high and low values across different bars.
💡 Customizing and Backtesting the EA for Profitability
The speaker discusses customizing the EA with personal settings, such as adjusting the stop loss and take profit based on the high and low of recent 100 candles instead of 10, to avoid being hit by stop loss hunters. The importance of backtesting is emphasized, with the speaker sharing results from testing the EA on three random years with a $10,000 capital using a $1 lot size. The speaker advises on the relationship between lot size, profit, and drawdown, and mentions the need to adjust lot size according to the leverage of the trading account. The paragraph concludes with instructions on how to download and set up the EA for testing, including a step-by-step guide on where to place the files and how to perform a one-hour test to avoid purchasing a losing EA.
📊 Detailed Guide on Backtesting EA with Historical Data
This section provides a detailed guide on how to backtest the EA using historical data. The speaker instructs on downloading historical data for currency pairs and time frames, emphasizing the importance of testing on challenging market conditions like 2008. The speaker suggests using Robo4x broker for its extensive historical data and offers a free premium EA for those who register through their affiliate link. The paragraph includes instructions on how to use the strategy tester in the MT4 platform, set up the EA with different parameters, and interpret the results, including capital, loss, profit, and drawdown percentage.
🚀 Enhancing EA Performance and Obtaining Live Version
The final paragraph discusses ways to increase the number of trades opened by the EA, such as turning off the sideways filter, changing time frames, and trading multiple pairs. The speaker warns of the increased risk associated with these changes and advises backtesting before applying them with real money. Two versions of the EA are mentioned: a test version for strategy tester use and a live version for demo and live accounts. The live version can be obtained either by using the speaker's broker and earning affiliate commissions or by purchasing a license. Support is offered for setting up the EA, and the speaker invites viewers to subscribe to their YouTube channel and join their Telegram group for further updates and assistance.
Mindmap
Keywords
💡Forex Trading
💡CCI (Commodity Channel Index)
💡Moving Average
💡EA (Expert Advisor)
💡Backtesting
💡Take Profit
💡Stop Loss
💡Lot Size
💡Sideways Market
💡Ranging Market
💡Risk Management
Highlights
A forex trading strategy using CCI and moving average indicator is discussed.
The strategy is demonstrated through a YouTube link.
An EA (Expert Advisor) is built based on the strategy and backtested on three random years.
The strategy involves selling when the fast moving average crosses the slow moving average and waiting for specific CCI and candlestick conditions.
The EA is programmed to open trades based on the moving average and CCI conditions.
Take profit is set at the lower low of recent 100 candles for sell trades and higher high for buy trades.
The EA modifies the take profit to the nearest level when there is a risk of losing over 40 pips.
The strategy is improved to avoid trading at the end of trends.
The screen is split into three parts to avoid trading in certain areas of the screen.
The EA is designed to avoid trading in sideways or ranging markets.
The EA uses a filter to determine if the market is bullish, bearish, or sideways based on the high and low of the first 50 bars.
Customized EA settings are highlighted, including changes to stop loss and take profit based on recent 100 candles.
The EA can be adjusted for more trades by turning off the sideways filter, changing time frames, or trading all 25 pairs.
The EA is tested on different markets to ensure it doesn't burn accounts in both trending and ranging markets.
Instructions are provided on how to download and backtest the EA on the MT4 platform.
The EA is backtested with a capital of ten thousand dollars at one dollar lot size.
The EA is available in two versions: a test version for strategy tester and a live version for demo and live accounts.
The live version of the EA can be obtained either by using the presenter's broker or by purchasing it.
Transcripts
recently i came across a forex trading
strategy using cci and moving average
indicator you may watch the entire
strategy video from this youtube link
i'm curious how much profit per year can
grow from the strategy so i built an ea
base on this strategy and backed us the
ca on three random years to see how much
profit it made
let me quickly explain this strategy
first when fast moving average line is
crossing slow moving average line then
it is downtrend thus only allowed to
sell but don't enter yet we wait the
candle retrace back to touch moving
average line
and we wait cci cross down level 100 and
we wait a candle which
open price is above moving average line
and close price is below moving average
line then we start open a sell trade
entry immediately
now let's see how the iea open trade
base on this strategy
when fast moving average line cross down
slow moving average line
then only allow to sell
then cci cross down level 100
then candle opening price is above
moving average line and
candle closing price is below moving
average line
then open a sell trade the original
strategy didn't explain where to put the
take profit so i set ea take profit at
lower low of recent 100 recent candles
when fast moving average line cross
above slow moving average line
then only allow to buy
then cci cross above level negative 100
then candle opening price is below
moving average line and
candle closing price is a mug moving
average line
then open a buy trade the original
strategy didn't explain where to put the
take profit so i set ea take profit at
higher high of recent 100 recent candles
but when price fall down
we are losing over 40 pips we are in
risk so my ea auto modified the tp to
nearest which is 25 pips tp only as you
can see we close the trade in near atp
to cut the risk
here you can see original tp is 1.26650
then ea modify the tp to 1.24832
as you can see we sell it here when the
bearish trend isn't and we buy it here
when bullish trend isn't it is too risky
the original strategy never avoid to
trade trend end so i improved the
strategy to avoid to trade on trend end
how to avoid simple i just split the
screen into three parts
then i set ea not allow to open by trade
at one third of the screen not allow ea
to open sell trade at three-thirds of
screen
since trade on moving average line is
more profitable and more safe on
trending market
and too risky for sideways or ranging
market so i have make the ca 2 avoid
trade on sidewave or ranging market how
to avoid simple i set the e8 to take
high and low of first bar to 50th bar to
compare with high and low of 60th bar to
120th bar if the high of first to 50th
bar is higher
and if the low of first to 50th bar is
higher
then it is bullish trend so allow to buy
at this example the higher first to 50th
bar is higher
but the low of first to 50th bar is not
higher
so it is not bullish trend and it is not
bearish trend too
so it is sideways or ranging market so
ea won't open trade now let's talk about
ea settings on the left side is the
original strategy settings on the right
side is my own customized settings i
highlight the differences between these
two settings i change sl and tp to base
on high and low of recent 100 candles
instead of 10 candles it is because
there are too many sl hunters sl is too
near as too easy to get hit as i said
before the original strategy didn't
avoid sideways market so i added
sideways filter to my own customized
setting it will open very less trade per
week if sideways filter is enabled so if
you want more trades then you have to
turn off sideway filter the more trades
the more profit but the more risk to
baptist it then you will know how much
profit and risk it gain if turn off the
sideway filter you may set your own tp
and sl30 pips or 100 pips at here here
you can change the lot size let me
explain how much lot size you should set
below are three random years i backtest
with capital ten thousand dollar at one
dollar lot size
so capital one hundred dollar you 0.01
lot size will get the same percentage of
profit and drawdown if you want to
increase profit you may increase the lot
size but it increases drawdown percent
too for example times three lot size you
get 90 profit per month 54 max drawdown
it is depend on how much profit you want
to gain and how much drawdown risk that
you willing to take above tests was done
on leverage when to 1000 account so if
you are using one to 200 leverage
account
then you might need to use five times
smaller lot size many trending ea burned
the account when baptist on year 2004 to
2005 ranging market
mini reversal ea burned the account when
baptist on year 2008 to 2009 trending
market so i have practiced this two
years to make sure my ea won't burn
account in the both different markets i
have backed us my ea on this three
different markets below are the results
you may download my ea file to backtest
it yourself on other pairs
other years other timeframe other
settings
i'm going to show you how to download
the file and baptist go to website
toto180.com to download ea filename
mova ea go to website
toto180.com to download the ea file
i download example ea file just for
example
you will need to download the correct ea
file name
then go to the zip file and extract it
there are four files in the folder chart
design file is to put all required
indicators to your chart ea settings
file is to set the ea setting example ea
file is the ea you may open and read the
readme file which contents on useful
information about this ea
now we need to move the ea file to your
mt4 expert folder
open your mt4
then click file then click open data
folder
then open mql4 folder then open experts
folder
then copy paste the ea file into this
folder
then right-click navigator window
and select refresh
then select the new ea name from
strategy tester
then click expert properties then click
load then select the ea settings file
then click ok then click start
then right click on the chart then
select template then select load
template then copy paste the chart
design file into this folder then select
chart design file
then click open
now you may check the chart if the ea
open and close trade is based on
strategy and indicator correctly or not
many people didn't practice the ea
before buying the ea
so they pay money too by the ea that
always lost money and burned their
account if you baptist the ea and the
test results show it lost all money and
burn account in one hour test
then you won't pay money to buy the ea
i'm here to show you how to test the ea
for one hour to see if it lost all money
and burn account or not to back does
your ea you need to open your mt4
software on your computer
then log into your account by account id
password
server
after login to your account then only
you are able to download history data
for baptist now click tools then select
history center then select the currency
pair history data that you want to
download then select the time frame
history data that you want to download
then click download
if you can't download the history data
then you may watch my other video to
learn how to solve this problem here is
the video link
then you wait for 15 minutes to complete
downloading all the history data
after downloading complete then you may
check what is the oldest year history
data note that year 2008 burned most of
ea accounts
so i suggest you backtest your ea on
year 2008. if your ea doesn't burn
account on year 2008 test then it is
safe for you to put real money on this
ea
mini broker only provide two years
history data for year 2021 and 2020 only
i suggest you use robo 4x broker because
robo4x broker provide many years of
history data
as you can see robo4x broker provide 20
years old history year 2008 i will free
gift away some of my premium ea to you
if you register an account through my
affiliate link
now close the history center window then
click view then select strategy tester
then check use date then check visual
mode then key in the date that you want
to backtest
you should test reversal ea on year 2008
august to december on eurost
it will burn account because that three
months is strong trending you should
test trending ea on year 2004 to 2006 on
eurost
it will burn account because that three
years is ranging
now select your ea name from the list
then select time frame that you want to
test
then click expert property and set how
much capital dollar you want to test
then click input menu then set your ea
setting like lot size stop loss take
profit and etc
then click start
i prefer hide the grid and i prefer zoom
in
and i prefer candlesticks
click the graph menu now you see your
capital was 10 000
but now the balance keep decreasing
meaning the ca keep losing money so you
better don't waste your money to buy the
ca
now let's zoom in to check detail of the
chart to see how the ea open trades and
closing trade in loss or profit
now you click pause
then click result here you can see how
much loss and profit per trades
then you click report here you can see
your capital and how much is the loss
and profit and the drawdown percentage
now let's back to discuss eacci plus 2x
mova ea this ea sometimes three days
only open one trade
very less trade you may increase the
trades by three options
one turn off sideway filter on ea
setting 2 change h1 time frame to m5 or
m15 3 trade all 25 pairs instead of one
pair you used above three options may
increase the risk
so i suggest you backtest those change
of settings
time frame
and pairs
make sure it won't burn account before
putting the real money there are two
different versions of ea files
one test version only allow open trade
on strategy tester 2 live version allow
open trade on demo and life account i'm
giving free the test version ea file to
you to let you baptist the ea until you
are satisfied with the result
then only you start requesting live
version ea file from me two different
ways to get the live version ea file
from me you choose either one
one if you willing to trade using this
ea by using my robo forex broker to let
me earn affiliate commission
then i will free gift away forever
licensed live version of ea to you
you may follow the instruction steps on
this video link
2 you pay money to buy live version ea
from me at price
one month license at five us dollars
two months license at nine us dollars
three months license at twelve us
dollars
six months license at 19 u.s dollars
one-year license at 25 us dollars if you
have problem with set up the ca
then you may email me or message me at
telegram
i am pleasure to help you out
you may ask me any question but i will
answer you only if you have subscribed
my youtube channel and like my video i
will upload next new video about a
powerful ea generating 100 profit every
week stay tuned you are welcome to join
my telegram group from the link below
see you there have a nice day
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